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Nebraska Commercial Collection Agency

Nebraska, like every other state, has statute of limitations and various other laws that help determine a deadline when it comes to filing a lawsuit or other civil actions. This page will provide information related to Nebraska including: state economy, unemployment rate, state debt and statute of limitations. All information included is provided by recent case studies or other industry experts.

Statute of limitation laws are mandatory time limits that the legal system put into place to provide a general fairness and practicality when it comes to filing a lawsuit. Nebraska’s statute of limitations can range from one to five years depending on the nature of the lawsuit. (FindLaw.com)

Between 2011 and 2013, the median annual household income was approximately $55,107 in Nebraska. That amount was the highest among surrounding states. In 2013, the unemployment rate in Nebraska was 3.9 percent. One year later, it dropped to 3.6 percent. (BallotPedia.org)

In 2014, it was reported that Nebraska had a state debt of $13.1 billion. The state debt per capita was $7,081. This state debt was determined after reviewing four components: market-valued unfunded public pension liabilities, outstanding government debt, unfunded other post-employment benefit liabilities and outstanding unemployment trust fund loans. (BallotPedia.org)

In September 2015, Nebraska was ranked 6th best in the country in “taxpayer surplus,” a term used when a state has sufficient resources to pay their bills and how much each taxpayer would receive if the state disbursed excess funds. In 2015, Nebraska had a taxpayer surplus of $2,800. (BallotPedia.org)

Prestige Services, Inc. (PSI) works to ensure quality debt collection that works within Nebraska’s collection laws whether that means staying up to date on collection licenses, industry news, and economy data within the state.

SUMMARY OF NEBRASKA COLLECTION LAWS*

INTEREST RATE
Legal: 12% per written instrument or contract rate – Judgment 2% above the bond investment yield of the 28 week U.S. Treasury Bill

STATUTE OF LIMITATIONS (IN YEARS)
Open Acct: 4 – Written Contract 5 – Domestic Judgment 5 renewable every 5 – Foreign Judgment 5 non-renewable

BAD CHECK LAWS (CIVIL PENALTY)
Amount due, costs, protest fees

GENERAL GARNISHMENT EXEMPTIONS
Greater of 75% disposable earnings (85% if head of household), or 30x fed. Minimum hourly wage..

* These are not comprehensive statutes and therefore PSICollect.com and Prestige Services, Inc. disclaims any liability resulting from reliance by any party upon the legality and accuracy of the contents thereof.

Below is a list of the states in the US that we cover.
We are a nationwide operation and service all states, as well as Canada & Mexico.

Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Washington
West Virginia
Wisconsin
Wyoming
Puerto Rico

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